Why dont OZ offer 30 cents and buy them cheap?

Am I being stupid here? OZ will pay PBX $90 Million and drill more than 30,000 meters of drill hole to earn 90%. So since the market cap is less than $11 million now fully diluted, why dont OZ save tons of cash by offering a buyout at 30 to 40 cent wivh implies a premium of more than 300% and total purchase cost less than $50Million thereby getting 100% of all their asset amd still save more than $40 million.Am I being crazy here?Sentimemt: Strong Buy!>